Alderon Resource Corp. (TXV:ADV), is an iron ore exploration and development company operating in Canada. The company's Kamistiatusset Project, is located within an existing iron ore district and is slated for near-term production.

The Kamistiatusset (Kami) Property is located next to the mining towns of Wabush, Labrador City and Fermont in western Labrador, Canada. The property is also within close proximity to road, railway and hydro power.

On March 3, 2010, the company completed the acquisition of 0860132 B.C. Ltd., a private company (Privco), through the issuance of 5,000,000 post-consolidated common shares of the company to the shareholders of Privco. The common shares issued are subject to an escrow agreement.

Alderon and Privco are parties to an option agreement with Altius Resources Inc. pursuant to which the company has the right to acquire a 100% interest in the Kami iron ore project in western Labrador. In order to exercise the option, Alderon is required to fund exploration expenditures on the property of at least Canadian Dollar (C$) 1,000,000 in the first year, and cumulative expenditures in the first two years of at least C$5,000,000. At the option of the company, it can elect to incur cumulative exploration expenditures of at least C$2,500,000 in the first two years and pay to Altius an amount in cash equal to C$5,000,000 minus the actual amount of expenditures incurred. Upon incurring such expenditures, Alderon will be entitled to exercise the option and acquire a 100% interest in the Kami project by issuing an aggregate of 31,779,081 post-consolidated shares of the company to Altius, subject to adjustment.

The Kami iron ore project consists of 191 claims in Labrador and 5 Quebec mining titles for a total of 4,775 hectares.

Alderon plans to carry out a C$7 million program in 2010 on the Kami Property. The program is designed to consist of 20,000 meters of drilling, metallurgical testing, ground geophysics surveys and upgrading local infrastructure. The program commenced June 1, 2010. The company intends that the program will be followed by the completion of a National Instrument 43-101 resource estimate and scoping study in the first quarter of 2011.

This report will also be accessible on an ongoing basis to the investment community by scores of buy-side institutions and sell-side firms that utilize S&P research and information platforms daily. Millions of self-directed investors also have access to the report via their e-brokerage accounts. Please visit www.alderonmining.com for additional information.

About Standard & Poor's Factual Stock Reports

This Standard & Poor’s service provides factual research coverage enabling information about Alderon Resource Corp and other securities to reach a wide investor audience of Buy and Sell-side investors, helping them understand a company’s fundamentals and business prospects. Currently profiling over 500 issuers, S&P Factual Stock Reports increase market awareness for issuers in the investment community with insightful commentary and key statistics/information. Updated weekly with the latest pricing, trading volume, and other data, the reports include recent developments, a financial review, key operating information, Industry and peer comparisons, institutional holdings analysis, Street Consensus and opinions, performance charts, business summary, fundamental data, and news. Because coverage of these reports is sponsored by the issuer, S&P does not offer investment opinions concerning the advisability of investing in these stocks.

Standard & Poor’s Factual Stock Reports are produced separately from any other analytic activity of Standard & Poor’s. Standard & Poor’s Factual Report research has no access to non-public information received by other units of Standard & Poor’s. Standard & Poor’s does not trade on its own account.

Note: All U.S. and Canadian Companies listed on a National Exchange (not covered by S&P’s STARS research) are eligible to obtain this coverage.

About Standard & Poor's

Standard & Poor's, a division of The McGraw-Hill Companies (NYSE: MHP), is the world's foremost provider of financial market intelligence, including independent credit ratings, indices, risk evaluation, investment research and data. With approximately 10,000 employees, including wholly owned affiliates, located in 23 countries, Standard & Poor's is an essential part of the world's financial infrastructure and has played a leading role for more than 140 years in providing investors with the independent benchmarks they need to feel more confident about their investment and financial decisions. For more information, visit http://www.standardandpoors.com.

This new release may contain forward-looking statements. These statements are based on current expectations and assumptions that are subject to risks and uncertainties. Actual results could differ materially because of factors discussed in the management discussion and analysis section of our interim and most recent annual financial statement or other reports and filings with the TSX Venture Exchange and applicable Canadian securities regulations. We do not assume any obligation to update any forward-looking statements.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.